A Study On Professional Liability Insurance For Project Supervision In China

As an important insurance product of Professional Indemnity Insurance (PII), project supervision professional liability insurance offers a vital way to shift professional liability risks for the Project supervising enterprises and their employees. Project supervision professional liability insurance dispels their worries and enables them offer more extensive services for customs. Meanwhile, project supervision professional liability insurance ensures the interests of owner and the third party indirectly by bearing the economic compensation responsibilities of Project Project supervising enterprises and their employees. So, it plays a significant role in ensuring and pushing the development of building market and even the whole social economy.This paper basing upon the domestic practical circumstance, with research and literature referring, compared and studied the PII for Project Supervision development status between domestic and the developed countries, to use the advanced experiences and notion of the developed countries for reference and find the sticking point in pushing project supervision professional liability insurance in our country. Supported by current laws and regulations system, use the analyze approach of the real example to analyze in an all-round way of legal liability.With the features of project supervising industry, it brought forward the theory of project supervision professional liability and the nomology standard and specialty standard in its cognizance, studied the insurant, insurance liability, coverage, compensation limit and etc. of PII for Project Supervision. With these bases, it analyzed the factors influencing the premium of engineering consultation professional liability insurance, brought forward the model of premium calculating. Brought out the new research of reinsurance pricing, and established new insurance pricing model.The thesis predicted the demand of project supervision professional liability insurance market in china with SPSS, analyzed the factors influencing the premium of PII for Project Supervision with Multivariate Statistical Finally, the guideline and concrete measures for the establishment and perfection of this insurance in china were put forward.